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Friday, March 29, 2024

Crude Surges Past $100 As Cairo Death Toll Rises

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following Mursi’s TV and Twitter statement earlier, when WTI crude futures re-openedand immediately started to accelerate higher, breaking decisively through the Maginot Line of $100 (on their way to $4.00 gas at the pump in the US). The tensions are escalating between pro- and anti-Mursi protesters as Reuters reports 3 more dead and a further 90 wounded today.

How serious is this? Well credit markets appear to think twice as serious as Mubarak’s overthrow…

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